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Yellen warns of risk of waiting too long to tighten

Published 02/14/2017, 10:55 AM

Investing.com - Fed Chair Janet Yellen Tuesday reiterated her warning about delaying policy tightening.
"Waiting too long to remove accommodation would be unwise," Yellen said in prepared remarks to the Senate.
A delay in tightening, she said, could force the FOMC to raise rates rapidly and push the economy into recession.
Yellen said gradual increases in rates were warranted by an economic pick-up, with the job market strengthening.
Inflation is also moving closer the the Fed's target rate of 2%, Yellen noted.
The Fed chair said changes to fiscal policy could affect the economic outlook.
But she said it is "too early to know" what policy changes will be put in place.
The Trump administration has pledged to cut corporate taxes and increase spending on infrastructure.

Latest comments

what do we expect from these remarks? a strong dollar or a weaker one.
Why she did not do it then?. Should it be her decision???. ??????
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